Richard Carmona on Budget & Economy

Supply-side economics is valid

Carmona allowed that some Republican economic views, like supply-side economics, hold validity, but insisted that "the markets are much more complicated than that." On taxes, however, he said that he agreed with
Flake that "we have to do everything we can to lower the tax rates."

"We don't want to raise taxes now because that'll push us further into a recession, but we need to start generating some income," Carmona added.

Source: The Hill on 2012 Arizona Senate debates
, Oct 10, 2012

Invest in long-term jobs, not just speculator profits

Q: How would you help Americans build a financial nest egg for their retirement?

A: We need to rebuild our engine of economic opportunity not just because it's the right thing to do, but because
America is at its strongest when it is powered by a vibrant middle class. We need to strengthen and restore our housing and construction industries by resolving the foreclosure crisis and helping homeowners who remain underwater.
But just as importantly, we need to build sustainable growth sectors in Arizona--ensuring that future investments are geared toward creating jobs for the long term, not just paper profits for speculators to flip.
We need to refocus on technology and alternative energy.